中文摘要：

企业控制权是科技型小微企业风险融资的重要工具。从控制权转移激励与约束角度，构建了科技型小微企业风险融资中控制权转移激励与约束契约设计的两阶段模型，探讨了科技型小微企业投入的自身财富水平、投入风险项目的知识产权价值、努力水平、市场声誉、风险项目成功率、风险项目产出的变现性与可控性、风险项目运行的在职消费水平、风险投资者获取的剩余价值索取权、风险项目投资额度、风险监控成本、风险项目的战略收益、风险项目运行的私人收益与共享收益、科技型小微企业投入人力资本的专有性和专用性、风险投资者的投资专用性以及风险投资者风险规避程度等因素对科技型小微企业融资中控制权转移激励契约设计的影响机制，并通过定量分析得到了一系列科技型小微企业风险融资控制权转移的激励与约束契约设计机制，对科技型小微企业投融资理论进行了完善和发展。

英文摘要：

Corporate control rights is an important tool of financing risk of technology-based small micro enterprise, we are from the point of incentive and constraint of control rights transfer, and build two phase model of incentive and constraint contract design of financing risk of technology-based small micro enterprise. Through theory analysis, this paper discussed the effects of the input level of own wealth of technology-based small micro enterprise, intellectual property value in the project, effort level of technology-based small micro enterprise, market reputation, success rate of risk project, liquidity and controllable of risk project output, on-the-job consumption level of risk project running, the surplus value obtained by risk investors, investment quota of risk project, cost of risk monitoring, strategic benefits of risk project, private profit and revenue sharing of project operation, exclusiveness and specificity of human capital invested by technology-based small micro enterprises, investment specificity of risk investors, risk aversion of investors on the incentive contract design mech- anism of risk financing of technology-based small micro enterprise under the control rights transfer. Then we obtained a series of incentive and constraint contract design mechanism of control rights transfer of financing risk of technology-based small micro enterprise by quantitative analysis. This will perfect and development the theory of risk financing of technolo- gy-based small micro enterprise.